EURUSD: Key Levels to Watch Next Week 🇪🇺🇺🇸
Hey traders,
I guess you all saw this crazy bearish rally on EURUSD.
I decided to analyze a monthly structure and check where are we trading at the moment:
the point is that the market violated 1.03 - 1.07 monthly demand area to the downside.
The closest strong support that I see is 0.946 - 0.975 demand area.
I believe that the market can drop to that zone.
Also, consider 0.82 - 0.84 zone based on 22 years' low.
Locally the pair looks too oversold to me though.
I assume that we may see a pullback first before we drop lower.
Good luck next week!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.